Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
Title 25. PARTNERSHIPS |
Chapter 25.05. Revised uniform partnership act. |
Section 25.05.310. Right to wind up partnership business.
Latest version.
- (1) After dissolution, a partner who has not wrongfully dissociated may participate in winding up the partnership's business, but on application of any partner, partner's legal representative, or transferee, the superior court, for good cause shown, may order judicial supervision of the winding up.(2) The legal representative of the last surviving partner may wind up a partnership's business.(3) A person winding up a partnership's business may preserve the partnership business or property as a going concern for a reasonable time, prosecute and defend actions and proceedings, whether civil, criminal, or administrative, settle and close the partnership's business, dispose of and transfer the partnership's property, discharge the partnership's liabilities, distribute the assets of the partnership pursuant to RCW 25.05.330, settle disputes by mediation or arbitration, and perform other necessary acts.